Sunday, March 21, 2010

War Zone: The City Of Detroit Is Dying

The city of Detroit has become the poster child for everything that is wrong with the U.S. economy - and for good reason. It literally looks like it is in the middle of a war zone or like a hurricane has hit it. The truth is that the city of Detroit is dying and it is simply not going to recover.

It wasn't always this way for Detroit. Decades ago, it was a shining example of America's incredible manufacturing prowess. It was the center of the automobile revolution. At the time, nobody could have ever dreamed that one day Detroit would be the biggest economic disaster in the United States.

But that is what has happened.

Just consider the following facts....

*During the boom days of the 1950s, Detroit was a teeming metropolis of approximately 2 million people, but today the current population is less than a million and people are leaving in waves.

*The mayor of Detroit has admitted that while the "official" unemployment rate in Detroit is 27 percent, the "real" unemployment rate in his city is somewhere around 50 percent.

*House prices of under $1000 are quite common in Detroit now, and there are some houses in the city that you can actually buy for just one dollar.

But sometimes it is not enough just to read facts and figures. Sometimes you just have to see what is going on with your own eyes before it will start to sink in. The short video news report posted below shows just how bad things have gotten in Detroit. Would you like to live in a city that looks like this?....

But before you jump on Detroit too much, the reality is that this is going to happen to a lot more American cities before all of this is over. It is not just the economy of Detroit that is dying. It is the entire U.S. economy this is dying.

The United States has piled up the biggest mountain of debt in the history of the world, and now the day of reckoning is here. Millions of Americans have already lost their homes and their jobs, but this is only the beginning. Incredibly hard economic times are on the way, and unfortunately America is going to pay the price for going into so much debt. Please make sure to prepare yourself and your family for the times that are ahead because they are not going to be easy.